Bill Gates : World’s Richest Peson

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Bill Gates
Bill Gates

Who is Bill Gates ?

Bill Gates is an American business person who founded the World’s Top Software Company Microsoft and is today’s World’s Richest Person. He is a successful entrepreneur, philanthropist, investor, and computer programmer.

Born on October 28, 1955, in Seattle, Washington who had a keen interest in Computer Programming since his childhood was successful to built today’s World Largest Software Company Microsoft with his partner Paul Allen which he met in Lakeside School.

Bill Gates graduation at Lakeside School
Bill Gate’s graduation at Lakeside School

Bill Gates graduated from Lakeside in 1973. He scored 1590 out of 1600 on the college SAT test, a feat of intellectual achievement that for several years he boasted about when introducing himself to new people.

In 1973, Bill Gates joined Harvard University, thinking to start his career in law. But he was in contact with his friend Paul and later admitted that he didn’t want to do law. He even dropped out of University within a year.

How did Bill Gates become a successful Person ?

Journey of Microsoft

In June, 1975 Bill Gates established a software development company named as “Microsoft” with the vision of “A computer on every desk and Microsoft software on every computer”. Bill is a visionary person and works very hard to achieve his vision. At the beginning the company had to face many problems regarding money, employees and software distribution.

Bill Gates and his friend Allen
Bill Gates and his friend Allen

While Microsoft was not an early success, its licensing agreements towards the end of the 1980s pushed the company to new heights, and Gates was soon in control of the worlds most successful technology company. With Windows 3.1, and Windows 95 a few years later, Microsoft was at the peak of commercial success, leading the computing world for both businesses and home users.Then, the young businessmen got a lucky strike and the profit of Microsoft sales reached $500,000 dollars for the 1977 financial year.

 

Bill Gates and Micosoft

In 1979, Bill received an offer from IBM to create an operating system for the world’s first personal computer. However, Bill Gates was forced to deny the proposal of IBM, as he did not have any drafts for creating OS at the moment. Therefore, the CEO of Microsoft was forced to recommend IBM to seek help from its competitor Digital Research, which later will be the developer of the OS for IBM personal computer.

Success is a lousy teacher. It seduces smart people into thinking they can’t lose. – Bill Gates

In 1981, Microsoft becomes a corporation, the management of which is shared between Bill Gates and Paul Allen. In the same year, IBM introduces its personal computer with 16-bit operating system MS-DOS. In addition, the IBM PC includes other Microsoft products such as BASIC, COBOL, Pascal and others.

Between 1979 and 1981, Microsoft’s growth exploded, and staff increased from 25 to 128. Revenue also shot up from $2.5 million to $16 million. In mid-1981 Gates and Allen incorporated Microsoft, and Gates was appointed president and chairman of the board. Allen was named executive vice president.

By 1983, Microsoft was going global with offices in Great Britain and Japan, and with 30 percent of the world’s computers running on its software. Two years later, the Microsoft Corporation deployed Windows 95. The excitement about its sale was so great that in a line to a store one could find even people who did not have a computer. Just in one year, 25 million copies of Windows 95 were sold.

Microsoft Logo

 

In 1998, brand-new Windows 98 sees the world. There were not too many changes made, with the exception of improved internal functions. Then, Microsoft creates Windows 2000. Later, it’s going to be called the best corporate operating system.

Code named ‘Longhorn’ in the early development stages, Windows Vista was released on January 30, 2007. It had the strongest security system ever and a matching Office suite, Microsoft Office 2007.Windows 7 was built for the wireless world which arose in the late 2000s. By the time of its release, laptops were outselling desktops, and it had become common to connect to public wireless networks in coffee shops and private one at home.

“Your most unhappy customers are your greatest source of lerning.” – Bill Gates

In 2012, Windows 8 introduced major changes to the operating system’s platform in order to improve its user experience on tablets, where Windows was now competing with mobile operating systems, including Android and iOS. Windows 10 was released in July 2015.

Since the end of June, 2008, Gates has retired from an active management at Microsoft. He then started putting all his efforts into Bill & Melinda Gates Foundation, which main objective is to support projects in education and health care.

On February 04, 2014 Bill Gates decided to resign as the Chairman of the Board and will work directly with the new CEO Satya Nadella as an advisor on technology.

Some Interesting Facts About Bill Gates

  1. Bill Gates aimed to become a millionaire by the age of 30. However, he became a billionaire at 31.
  2. If Bill Gates were a country, he would be the 37th richest country on earth.
  3. Bill Gates’ children will only inherit US$10 million each, out of his US$72 billion net worth.
  4. Abraham Lincoln, Walt Disney, Bill Gates, Mark Zuckerberg, Henry Ford, Thomas Edison and Steve Jobs, all of them had no college degree.
  5. Bill Gates was arrested in New Mexico in 1977 for jumping a red light and driving without a licence.
  6. Bill Gates pays over US$1 million per year in property taxes for his house.
  7. At a spending rate of $1 million a day, it would take Bill Gates 218 years to spend all his money.
  8. Bill Gates bought Leonardo Da Vinci’s Codex Leicester in 1994 for US$30 million. A few pages were used as screen saver on Windows 95.
  9. Bill Gates’ Foundation spends more on global health each year than the World Health Organization of the United Nations.
  10. Gates earned an honorary degree from Harvard in 2007, thirty-two years after dropping out.

 

 

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